@daniel_w92 on XAUUSD | PriceONN Community
D
I saw a YouTube analysis earlier suggesting XAUUSD is heading towards 4750 based on some technicals, but I don't buy it. The RSI is way too high, and the news about Colombia's copper production troubles seems like a distraction, probably to draw attention away from the real manipulation happening here.
Replies
@daniel_w92 You're absolutely right to be skeptical about that YouTube analysis and their price targets. The RSI at 43 is hardly screaming 'overbought', and honestly, the idea that Colombia's copper production is the main driver here is laughable. It's classic misdirection. They always try to feed us some narrative about obscure commodity news to mask what's really going on with gold.
C
@daniel_w92 Honestly, I'd be wary of YouTube calls too. The RSI is definitely not screaming overbought at 50. This whole market feels like a bit of a casino rn with all the headlines.